07/20/2026
AI's biggest bottleneck this year might not be chips — it's electricity. Britain's National Grid just announced a $1.75 billion investment for a 35% stake in Joulent, a U.S. energy platform built specifically to power AI data centers. Their first major project, Kilby, is a 2.67-gigawatt gas-fired plant in West Texas — built to keep one class of customer (AI compute) running. Expect a lot more direct utility-to-datacenter deals as compute demand keeps outpacing power supply.
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